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CTCU Individual Retirement Accounts (IRAs)


Individual Retirement Accounts (IRA)

A traditional IRA is a way to save for retirement that gives you tax advantages.

  • Contributions you make to a traditional IRA may be fully or partially deductible, depending on your circumstances.
  • Generally, amounts in your traditional IRA (including earnings and gains) are not taxed until distributed.

CTCU offers two types of IRAs for you to choose from.

IRA Type

Traditional IRA

Under 50 Contribution Maximum$6,000
Over 50 Contribution Maximum$7,000
Exceed CompensationNO
RestrictionsReduces contributions that can be made to Roth IRAs
IRA Type

Roth IRA

Under 50
Contribution Maximum
Over 50
Contribution Maximum
Exceed CompensationNO
RestrictionsReduces contributions that can be made to Traditional IRAs
Rates effective as of November 5, 2018. Rate subject to change at any time. Minimum deposit of $20.00 required to open an IRA. Dividends are compounded quarterly. Minimum balance of $1,000 is required to earn dividends. *APY = Annual Percentage Yield. **1.00% Dividend Rate

IRA Term Share Certificates

IRA Certificates are available for Members with Individual Retirement Accounts. IRA Certificates give you added flexibility within your IRA.

*See current rates and full disclosures.

Everything you need to know about IRAs

New Membership

Are you interested in opening an Individual Retirement Account? CTCU membership starts by opening a regular share savings account with a minimum initial deposit of $20. Once you're a member, you have the option of opening other accounts, applying for loans, and taking advantage of all the other benefits of being a member of CTCU! If you have questions or need to know which forms of ID are needed for account opening, please call us at (903) 561-2603 or email us at

Still have questions about planning for you future?

We can help! Give us a call at 903-561-2603 or 1-877-662-2828.

Contact our Financial Experts